Christopher P. Comparato - 10 Dec 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact for Christopher P. Comparato
Issuer symbol
TOST
Transactions as of
10 Dec 2024
Net transactions value
$0
Form type
4
Filing time
12 Dec 2024, 16:42:00 UTC
Previous filing
22 Nov 2024
Next filing
20 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOST Class A Common Stock Conversion of derivative security $0 +40,000 +28% $0.000000 182,451 10 Dec 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TOST Class B Common Stock Conversion of derivative security $0 -40,000 -2% $0.000000 1,951,390 10 Dec 2024 Class A Common Stock 40,000 Direct F1, F2
transaction TOST Stock Option (Right to Buy) Other $0 -635,000 -100% $0.000000 0 10 Dec 2024 Class B Common Stock 635,000 $1.52 Direct F1, F3, F4
transaction TOST Stock Option (Right to Buy) Other $0 +635,000 $0.000000 635,000 10 Dec 2024 Class A Common Stock 635,000 $1.52 Direct F1, F3, F4
transaction TOST Class B Common Stock Gift $0 -270,000 -4.2% $0.000000 6,146,890 10 Dec 2024 Class A Common Stock 270,000 By the Comparato Family Holdings Trust dated July 27, 2018 F2, F5
transaction TOST Class B Common Stock Gift $0 +90,000 +45% $0.000000 290,000 10 Dec 2024 Class A Common Stock 90,000 SCC Irrevocable Trust F2, F5
transaction TOST Class B Common Stock Gift $0 +90,000 +45% $0.000000 290,000 10 Dec 2024 Class A Common Stock 90,000 CEC Irrevocable Trust F2, F5
transaction TOST Class B Common Stock Gift $0 +90,000 +45% $0.000000 290,000 10 Dec 2024 Class A Common Stock 90,000 EAC Irrevocable Trust F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis.
F2 Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
F3 In connection with the voluntary conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock remain unchanged, except that they now represent the option to purchase Class A Common Stock.
F4 The shares subject to this option are fully vested and exercisable as of the date hereof.
F5 Represents a transfer for no consideration for estate planning purposes.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 8,968,280 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.